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ePayResources Members Lead in Instant Payments

The Clearing House has recently featured two ePayResources members, Chesapeake Bank and ABNB Federal Credit Union, in their Payments Nerds podcast to highlight the institutions' use of the RTP® network.

For Chesapeake Bank, one of the earliest adopters of the RTP® network, the choice to offer instant payments started with their customers. According to Chesapeake Payment Systems President DJ Seeterlin, 2023 recipient of ePayResources' Innovation in Payments Award, they first asked “what are all the different things that our customers might need to do and what are the problems we need to solve?” Find out more about how Chesapeake is using instant payments to transform their customer experience in this Payments Nerds episode.

While many FIs have embraced the benefits of receiving instant payments, the larger opportunity lies in sending on the network. ABNB Federal Credit Union knows this firsthand. After months of strategic planning, it launched send in November 2024, just in time for the holiday season, when banks are closed more often. The impact was immediate. ABNB’s members leveraged the RTP® network’s 24/7 capabilities to move their money during this time, reaffirming ABNB’s decision to provide customers with greater control over their funds. Learn how ABNB made it happen – alongside its partner Alacriti – in this Payments Nerds episode.
 

 

 

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